JIDE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 15-01-2026 PDF all 34 filings
Turnover
≈ €3.7m
Estimated: probably between €2.5m and €6.1m
EBIT margin
Not included in this filing
Net result
€147,472▼ 84.1%
2024 · €927,440
Working capital
-€42,133▲ 81.9%
2024 · -€232,612
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€327,806
▼ 74.5%
2025
20192025
Net result
€147,472
▼ 84.1%
2025
middle half of the sector
20192025
Equity
€677,887
▲ 26.1%
2025
middle half of the sector
20192025
Total assets
€5.3m
▼ 40.4%
2025
middle half of the sector
20192025
Debt
€4.6m
▼ 45.0%
2025
20192025
Working capital
-€42,133
▲ 81.9%
2025
lowest quarter of the sector
20192025
Solvency
12.7%
▲ 6.7pp
2025
lowest quarter of the sector
20192025
Current ratio
0.98
▲ 0.02
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
2.8%
▼ 7.6pp
2025
middle half of the sector
20192025
Staff (FTE)
21.3
▼ 9.4%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.7m-€0.5m▼ 32.4%€1.0m▲ 105%€1.4m▲ 50.4%€3.2m▲ 127%€1.3m▼ 60.3%€0.3m▼ 74.5%
Net result€0.5m-€0.3mabove the sector's middle half▼ 30.6%€0.7mabove the sector's middle half▲ 111%€1.1mabove the sector's middle half▲ 50.8%€2.4mabove the sector's middle half▲ 123%€0.9mabove the sector's middle half▼ 61.2%€0.1mwithin the sector's middle half▼ 84.1%
Equity€3.2m-€3.5mabove the sector's middle half▲ 8.1%€2.9mwithin the sector's middle half▼ 17.1%€2.1mwithin the sector's middle half▼ 25.2%€3.6mwithin the sector's middle half▲ 68.5%€0.5mwithin the sector's middle half▼ 85.1%€0.7mwithin the sector's middle half▲ 26.1%
Total assets€4.6m-€4.3mwithin the sector's middle half▼ 7.0%€5.2mwithin the sector's middle half▲ 21.7%€4.9mwithin the sector's middle half▼ 6.3%€7.7mwithin the sector's middle half▲ 59.2%€8.9mwithin the sector's middle half▲ 15.7%€5.3mwithin the sector's middle half▼ 40.4%
Debt€1.2m-€0.7m▼ 46.8%€2.2m▲ 237%€2.6m▲ 18.2%€4.0m▲ 54.4%€8.3m▲ 107%€4.6m▼ 45.0%
Working capital€3.0m-€3.2mabove the sector's middle half▲ 4.3%€2.8mabove the sector's middle half▼ 11.5%€1.6mwithin the sector's middle half▼ 43.2%€3.3mabove the sector's middle half▲ 109%-€0.2mbelow the sector's middle half-€0.04mbelow the sector's middle half▲ 81.9%
Solvency69.7%-81.1%above the sector's middle half▲ 11.4pp55.2%within the sector's middle half▼ 25.9pp44.1%within the sector's middle half▼ 11.1pp46.7%within the sector's middle half▲ 2.6pp6.0%below the sector's middle half▼ 40.7pp12.7%below the sector's middle half▲ 6.7pp
Current ratio3.71-6.04above the sector's middle half▲ 2.332.53above the sector's middle half▼ 3.511.69within the sector's middle half▼ 0.842.52above the sector's middle half▲ 0.830.96below the sector's middle half▼ 1.560.98below the sector's middle half▲ 0.02
Return on assets (ROA)10.6%-7.9%within the sector's middle half▼ 2.7pp13.7%above the sector's middle half▲ 5.8pp22.1%above the sector's middle half▲ 8.4pp31.0%above the sector's middle half▲ 8.9pp10.4%within the sector's middle half▼ 20.6pp2.8%within the sector's middle half▼ 7.6pp
Staff (FTE)14.3-14.2within the sector's middle half▼ 0.7%15.7within the sector's middle half▲ 10.6%18.2within the sector's middle half▲ 15.9%20.7within the sector's middle half▲ 13.7%23.5within the sector's middle half▲ 13.5%21.3within the sector's middle half▼ 9.4%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 75% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.3m
Fixed assets
€2.7m ▼ 9.4%
Current assets
€2.6m ▼ 56.3%
Equity and liabilities €5.3m
Equity
€677,887 ▲ 26.1%
Provisions
€83,841 ▼ 9.0%
Debt
€4.6m ▼ 45.0%
Debt's share of the balance-sheet total falls from 93.0% to 85.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€813,282▼
2024 · €1.6m
Cash flow
€632,948▼
2024 · €1.3m
Quick ratio
0.49▼
2024 · 0.74
Debt to equity
6.74▼
2024 · 15.46
ROE
21.8%▼
2024 · 172.5%
Interest coverage
5.08▼
2024 · 8.71
Debt ≤ 1 year
€2.6m▼
2024 · €6.1m
Debt > 1 year
€1.9m▼
2024 · €2.2m
Income taxes
€73,446▼
2024 · €294,505
Staff costs
€1.4m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 19 | 23 | 21 | 21 |
| full-time | 18 | 22 | 20 | 20 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 18.8 | 22.8 | 20.8 | 20.8 |
| Average over the year, in full-time equivalents | 18.2 | 20.7 | 23.5 | 21.3 |
| On a permanent contract | 18 | 21 | 19 | 20 |
| Joined | 2 | 5 | 4 | 5 |
| Left | 0 | 1 | 6 | 5 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €537,009 | €1.4m | €1.2m | €170,145 |
| Intangible fixed assets | - | - | - | €30,433 |
| Financial fixed assets | - | - | €750 | - |
| Depreciation and write-downs of the year | €118,882 | €186,477 | €335,432 | €485,476 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.1m | €1.2m | €1.4m | €1.4m | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.5m | ▲ 44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€6 | -€0.003m | €0.02m | -€0.02m | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.03m | €0.01m | ▼ 52.6% |
| Gross operating margin9900 | €1.5m | €1.3m | €2.0m | €2.6m | €4.6m | €3.1m | €2.2m | ▼ 29.9% |
| Operating profit (loss)9901 | €0.7m | €0.5m | €1.0m | €1.4m | €3.2m | €1.3m | €0.3m | ▼ 74.5% |
| Financial income75/76B | - | - | - | €0.08m | €0.07m | €0.1m | €0.05m | ▼ 59.7% |
| Recurring financial income75 | €0.05m | €0.04m | €0.08m | €0.08m | €0.07m | €0.1m | €0.05m | ▼ 59.7% |
| Financial charges65/66B | - | - | - | €0.09m | €0.1m | €0.2m | €0.2m | ▼ 14.0% |
| Recurring financial charges65 | €0.09m | €0.05m | €0.07m | €0.09m | €0.1m | €0.2m | €0.2m | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.5m | €1.0m | €1.4m | €3.2m | €1.2m | €0.2m | ▼ 82.5% |
| Transfer from deferred taxes780 | - | - | - | €0.008m | €0.01m | €0.009m | €0.008m | ▼ 4.0% |
| Income taxes67/77 | €0.2m | €0.1m | €0.3m | €0.4m | €0.8m | €0.3m | €0.07m | ▼ 75.1% |
| Profit (loss) for the period9904 | €0.5m | €0.3m | €0.7m | €1.1m | €2.4m | €0.9m | €0.1m | ▼ 84.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.4m | €0.7m | €1.1m | €2.4m | €1.0m | €0.2m | ▼ 81.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.6m | €4.3m | €5.2m | €4.9m | €7.7m | €8.9m | €5.3m | ▼ 40.4% |
| Fixed assets21/28 | €0.4m | €0.5m | €0.5m | €0.9m | €2.2m | €3.0m | €2.7m | ▼ 9.4% |
| Intangible fixed assets21 | €0.04m | €0.03m | €0.05m | €0.04m | €0.02m | €0.01m | €0.03m | ▲ 153% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.5m | €0.9m | €2.2m | €3.0m | €2.7m | ▼ 10.1% |
| Land and buildings22 | - | - | - | €0.5m | €1.7m | €1.8m | €1.7m | ▼ 7.4% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.2m | €0.3m | €0.3m | ▼ 10.7% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.07m | €0.1m | €0.1m | ▲ 30.9% |
| Leasing and similar rights25 | - | - | - | €0.05m | €0.04m | €0.7m | €0.5m | ▼ 19.0% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 36.3% |
| Financial fixed assets28 | €425 | €290 | €290 | €290 | €290 | €0.001m | €0.001m | = |
| Current assets29/58 | €4.2m | €3.8m | €4.6m | €3.9m | €5.5m | €5.9m | €2.6m | ▼ 56.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.9m | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.9m | - | - | - | - |
| Stocks and contracts in progress3 | €1.1m | €1.0m | €1.0m | €1.2m | €1.2m | €1.4m | €1.3m | ▼ 6.1% |
| Stocks30/36 | - | - | - | €1.2m | €1.2m | €1.4m | €1.3m | ▼ 6.1% |
| Amounts receivable within one year40/41 | €0.5m | €0.9m | €1.0m | €1.4m | €1.9m | €3.0m | €0.9m | ▼ 70.6% |
| Trade receivables40 | - | - | - | €0.5m | €1.0m | €0.8m | €0.5m | ▼ 36.1% |
| Other amounts receivable41 | - | - | - | €0.9m | €0.9m | €2.2m | €0.4m | ▼ 82.7% |
| Current investments50/53 | €133 | €130 | - | - | €1.0m | €1.0m | - | - |
| Cash at bank and in hand54/58 | €2.5m | €1.9m | €0.6m | €0.4m | €1.4m | €0.4m | €0.4m | ▼ 3.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.1m | €0.01m | ▼ 92.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.6m | €4.3m | €5.2m | €4.9m | €7.7m | €8.9m | €5.3m | ▼ 40.4% |
| Equity10/15 | €3.2m | €3.5m | €2.9m | €2.1m | €3.6m | €0.5m | €0.7m | ▲ 26.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.1m | €1.1m | €2.7m | €1.6m | €1.6m | €0.3m | €0.3m | ▼ 7.2% |
| Non-distributable reserves130/1 | - | - | - | €1.0m | €0.06m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves not available under the articles1311 | - | - | - | €0.9m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.3m | €0.3m | €0.3m | ▼ 8.7% |
| Distributable reserves133 | - | - | - | €0.2m | €1.2m | - | - | - |
| Profit (loss) carried forward14 | €2.0m | €2.3m | €0.02m | €0.4m | €1.9m | €0.1m | €0.3m | ▲ 165% |
| Investment grants15 | - | - | - | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 28.7% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 9.0% |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 9.0% |
| Amounts payable17/49 | €1.2m | €0.7m | €2.2m | €2.6m | €4.0m | €8.3m | €4.6m | ▼ 45.0% |
| Amounts payable after more than one year17 | €0.09m | €0.02m | €0.4m | €0.3m | €1.7m | €2.2m | €1.9m | ▼ 10.1% |
| Financial debts170/4 | - | - | - | €0.3m | €1.7m | €2.2m | €1.9m | ▼ 10.1% |
| Amounts payable within one year42/48 | €1.1m | €0.6m | €1.8m | €2.3m | €2.2m | €6.1m | €2.6m | ▼ 57.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.2m | €0.3m | €0.4m | ▲ 11.0% |
| Financial debts43 | - | - | - | - | - | €0.9m | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.9m | - | - |
| Trade debts44 | €0.2m | €0.3m | €0.2m | €0.2m | €0.4m | €0.8m | €0.2m | ▼ 73.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.8m | €0.2m | ▼ 73.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.7m | €0.1m | €0.1m | = |
| Taxes450/3 | - | - | - | €0.2m | €0.6m | €0.02m | €0.04m | ▲ 85.1% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.07m | €0.08m | €0.06m | ▼ 22.9% |
| Other amounts payable47/48 | - | - | - | €1.8m | €0.9m | €4.0m | €2.0m | ▼ 51.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.07m | €0.02m | €0.006m | ▼ 60.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.3m | €0.7m | €1.1m | €2.4m | €0.9m | €0.1m | ▼ 84.1% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.5m | ▲ 44.7% |
| Operating cash flow (approximation) | €0.6m | €0.5m | €0.8m | €1.2m | €2.6m | €1.3m | €0.6m | ▼ 49.9% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.2m | -€0.5m | -€1.4m | -€1.2m | -€0.2m | ▲ 83.1% |
| Change in cash | - | -€0.6m | -€1.3m | -€0.2m | €1.0m | -€1.0m | -€0.01m | ▲ 98.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as JIDE has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of JIDE itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for JIDE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 15-01-2026 | 2026-00008276 | |
| 30-06-2024 | full format | 21-01-2025 | 2025-00008392 | |
| 30-06-2023 | full format | 24-01-2024 | 2024-00006787 | |
| 30-06-2022 | full format | 11-01-2023 | 2023-20557390 | |
| 30-06-2021 | full format | 06-01-2022 | 2022-00400484 | |
| 30-06-2020 | full format | 16-02-2021 | 2021-05500494 | |
| 30-06-2019 | full format | 09-01-2020 | 2020-00600394 | |
| 30-06-2018 | full format | 09-01-2019 | 2019-00700468 | |
| 30-06-2017 | full format | 10-01-2018 | 2018-00900561 | |
| 30-06-2016 | full format | 12-01-2017 | 2017-01100176 |